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Yep, John has been selling little blocks steadily for quite a while now. Acting a bit like a CEO that has retirement on the mind. He takes a few thousand dollars every week or two...never enough to crash the price.
DIMI up 48% now = boing!
Dog-pile on the bid here. VERT and ARCA in there too...
Getting some momo at the moment
DIMI bounce up 25% this morning.
Great trade! I tried the intra-day thing when it first dumped and got kicked. I'm glad you got it done right
No kidding. I jumped in when is seemed to find support for a couple hours and got killed. D'oh! Wish I could say I waited, like you.
Wow...bought DIMI tanker way too early. Down another -65%
...and a few more at .54 Fingers crossed.
Bought a little DIMI at .6 for kicks.
Hoping for a quick-flip bounce.
I know there are some good Q stock plays, but I made that "personal" trading rule because twice I was caught in Q's when they announced their restructuring, and in both cases, common sock was cancelled and I got slaughtered. Sure, my own fault for not doing better DD...but I opted to stay away after that. That is one rule I haven't broken...but I think I've broken some of the others.
I'm not still in that boat. I bailed. hehe I did put too much into it though while waiting for some kind of bounce. Argh. Anyway, onward and upward!
Silly thing there too-- I broke one of my personal trading rules by buying USNL in the first place. I had told myself that I would not touch a any triple-zero stocks because of bad experiences before. Then I let myself become confident that it would be OK "this time". I played one and made a quick 30% and then tried another with USNL and got my butt kicked. See what breaking the rules does? When I make a personal rule, I need to stick with it.
A few of those rules:
--> Buy the bottom, not the top (duh)
--> Don't go in too heavily on the first buy, in case the bottom isn't there yet.
--> Patiently watch L2 for dilution patterns and wait until it subsides.
--> Stay away from "Q" stocks.
--> Stay away from triple-zero stocks
--> Don't buy unless there is good volume, with at least 100 trades per day, or it's too easy to get stuck.
--> Sell in stages on the way up, taking profits along the way.
--> Don't buy back into a stock after a monster bounce, just because I feel hyped about a big success. Just say "thanks" and walk way.
--> ALWAYS watch the charts for logical support and resistance points. Let the chart do the talking.
I got caught in a third with USNL...that one is currently sitting at .0002 with no light at the end of the tunnel.
I played GWBU OK, but should have sold all at .30 before she went for the double-bottom. Maybe I'll get another chance (d'oh!).
Nice trade! It's been a while since I've taken a cool 20%. I keep getting stuck in the non-bouncing dilution machines. pffft!
I'll have to look at L2 again-- haven't looked this week, but wasn't very pretty for a while.
Nice trade with UBRG